Standing Letters of Authorization Clarity Provided

  Standing Letters of Authorization (SLOA) that Registered Investment Advisers use to provide services for their clients have been surrounded by uncertainty.  Does this practice constitute custody of client assets?  In a No-Action Letter dated Feb. 21, the SEC states this practice is, in fact, custody; however, the Division of Investment Management will NOT recommend… READ MORE

It’s Time for your Annual…Renewals: Don’t Forget to Fund your CRD/IARD Account

It’s that time again—the leaves have turned, football pools are in full swing, and FINRA has published its 2016 Renewal Calendar. December 18th is the deadline for Receipt of Preliminary Renewal Payment statements. Firms are required annually to renew their registrations through the Renewal Process, which begins in the fourth quarter of each year. Your… READ MORE

Your CCO Must Be A Strong Leader

Investment advisors, investment companies and broker-dealers must have a Chief Compliance Officer (CCO) to design a compliance program that complies with the rules and regulations that govern your firm. To fulfill their obligation, the CCO needs to be knowledgeable, competent and empowered to do the job. It is vital that your CCO be a leader… READ MORE